Multi-Use Commercial Asset For
For Sale
$1,699,999
77 Foundry Ave, Batavia, OH 45103
26,000+ SF multi-use commercial asset with warehouse and office space.
Property Size26,220 SF
Price / SF$64.84
Days on Market253
Property Features for 77 Foundry Ave
General Information
Standard status
Active
Size
26,220 SF
Building Details
Year Built
1918
Listing Agency:
Ragan McKinney Real Estate
Listed By:
Ragan McKinney · License #0000160440
(937) 515-8400
Source:
Lovdalgroup
Added: Jan 26
Changed: Sep 24
Last Checked: Oct 4 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ragan McKinney Real Estate
Investment Insights
Based on property information with market context.
This multi-use commercial asset offers over 26,000 square feet, including nearly 20,000 square feet of high-ceiling warehouse space reaching 25+ feet. The fire-retardant construction is suited for logistics, industrial, or high-volume users. The property features multiple overhead doors. It also includes two modernized office suites: a lower-level unit with over 3,000 square feet and a private entry, and an upper-level space with over 3,000 square feet, a full kitchen, six offices, and common areas. These office suites are suitable for an owner-occupant or additional rental income. The property has over 70 parking spaces to code and rail adjacency. An additional lot fronts the Little Miami River for expanded access. The property is located in Batavia, OH.
Key Highlights
- Over 20,000 SF of high‑ceiling (25'+) warehouse space suitable for logistics, industrial, or high‑volume users.
- Two modernized office suites totaling over 6,000 SF, suitable for owner‑occupancy or rental income.
- Over 70 parking spaces to code.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,148
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,960
$2.7M
Cap Rate 7%
$1,959,257
$2.0M
Cap Rate 9%
$1,523,867
$1.5M
Market Conditions
NOI Build-Up for 26,220 SF
Gross rent
$204.5K $7.80/SF
− Vacancy
−$8.6K −$0.33/SF
EGI
$195.9K $7.47/SF
− OpEx
−$58.8K −$2.24/SF
NOI
$137.1K $5.23/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,960
Cap Rate 7%
$1,959,257
Cap Rate 9%
$1,523,867
Alternative Uses
Best Use
Office B
$3.53M
$3.08M – $4.11M
NOI $246,788 @ 7.0% cap · market cap 14.52%
Second Best
Warehouse
$2.38M
$2.08M – $2.78M
NOI $166,537 @ 7.0% cap · market cap 9.80%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $329,051 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45103, OH
35,237
Population
14,928
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
85.3 sq mi
ZIP Area
413
Density / Sq Mi
$81,837
Median Household Income
$45,027
Median Earnings
$1,050
Median Rent
$242,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - 26,000+ SF multi-use commercial asset with warehouse and office space.
Where is this flex space located?
The property is located at 77 Foundry Ave Batavia, OH.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Over 20,000 SF of **high‑ceiling (25'+) warehouse space** suitable for logistics, industrial, or high‑volume users.; Two modernized office suites totaling over 6,000 SF, suitable for owner‑occupancy or rental income.; Over 70 parking spaces to code.
